Demise of Lehman Brothers could impact South Florida’s real estate industry
Sep 16th, 2008 | By Gregory Arzumanov | Category: Housing News, South RegionWhen large South Florida developers needed money, they often turned to Lehman Brothers.
That role ended in dramatic fashion when Lehman filed for bankruptcy protection. But Lehman still controls nearly $2 billion in large loans throughout the region, meaning the bank’s demise will play out across South Florida’s besieged real estate market.
Among the local projects Lehman [...]